Ruthenium
Ruthenium price
7 years
Supply and demand
Soaring demand for hard disk storage drives caused the ruthenium price to break through the $700/oz mark for the first time ever. That’s because ruthenium is a key coating material in the manufacture of hard drives and thanks to a change from “longitudinal magnetic recording” to “perpendicular magnetic recording” the thickness of ruthenium coatings has doubled. Total use of ruthenium will rise to a record peak of 1.34 million oz in 2007 from 1.29 million in 2006, according to Johnson Matthey.
South African platinum miners, particularly those exposed to UG2 reefs where ruthenium is most plentiful, Lonmin (with 75% of operations exposed to UG2), Implats and Angloplats (50%) and Northam (35%), are the main suppliers. (Source: MiningMx)
7 years
Supply and demand
Soaring demand for hard disk storage drives caused the ruthenium price to break through the $700/oz mark for the first time ever. That’s because ruthenium is a key coating material in the manufacture of hard drives and thanks to a change from “longitudinal magnetic recording” to “perpendicular magnetic recording” the thickness of ruthenium coatings has doubled. Total use of ruthenium will rise to a record peak of 1.34 million oz in 2007 from 1.29 million in 2006, according to Johnson Matthey.
South African platinum miners, particularly those exposed to UG2 reefs where ruthenium is most plentiful, Lonmin (with 75% of operations exposed to UG2), Implats and Angloplats (50%) and Northam (35%), are the main suppliers. (Source: MiningMx)
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